Homegrown measures shoring up the Cedi – Veep

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JKD 11 years ago

Don't get carried away. It is the borrowing that has provided dollar liquidity to shore up the cedi. And by the way, you are an economist and you know very well that trajectory is unsustainable. Time will tell!

Don't get carried away. It is the borrowing that has provided dollar liquidity to shore up the cedi. And by the way, you are an economist and you know very well that trajectory is unsustainable. Time will tell!
Rita 11 years ago

Why don't you first find out how the loan was secured and how was it granted before commenting on the issue.

Why don't you first find out how the loan was secured and how was it granted before commenting on the issue.
OLD SOLDIER 11 years ago

When Kwaku Baako informed us about the atrocities of Kwesi Pratt during PNDC Regime, some of us did not believe until the truth was confirmed during the NRC. Kwesi Pratt is the most dangerous Journalist Ghana had ever have, h ...
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When Kwaku Baako informed us about the atrocities of Kwesi Pratt during PNDC Regime, some of us did not believe until the truth was confirmed during the NRC. Kwesi Pratt is the most dangerous Journalist Ghana had ever have, he had the gut to recommend his fellow journalists to be executed by PNDC. Pratt even recommended Baako to be killed by the regime, thank God Baako was instead touchered violently and severely but his life was spared. This is what Kwesi Pratt can do. Now Pratt is a secret agent to NDC and US Embassy in Ghana. May God forgive Pratt and spare him the untold evils that will come upon him and his generations. The souls of those journalist killed through Pratt's recommendations to PNDC will never forgive Pratt. Now Pratt has the guts to take Diplomatic Passport and smuggled his weak-headed children to work at the Ministries under Mills NDC, may God forgive Pratt and his dependance and spare them of the evils ahead of them
KOLA ,LONDON PROPER 11 years ago

People should be serious in asking this question and demand an answer where the old Ghana cedis went.

I am told The Charcoal Darkest ex-president Kufuor has them.So what are Ghanaians doing about it? Hypocrites NPP demonst ...
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People should be serious in asking this question and demand an answer where the old Ghana cedis went.

I am told The Charcoal Darkest ex-president Kufuor has them.So what are Ghanaians doing about it? Hypocrites NPP demonstrators, what are they crying for?
OLD SOLDIER 11 years ago

AUTHOR: MARTIN A.B.K. AMIDU....

It would appear that those in control of the NDC, for the time being, were bent on excluding other bona fide members of the Party who may wish to lay democratic claims to who becomes the ne ...
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AUTHOR: MARTIN A.B.K. AMIDU....

It would appear that those in control of the NDC, for the time being, were bent on excluding other bona fide members of the Party who may wish to lay democratic claims to who becomes the next flag bearer of the Party by excluding them even before the mortal remains of the demised President were interred. It is also symptomatic of how political party elites in Ghana and Africa worm their way into the confidences of persons perceived as likely to ascend to power positions for purposes of eventual personal economic gain at the expense of the generality of the mass of Party members and the Nation which every President swears to serve under the Constitution
Mahmoud 11 years ago

The proposals put forward by IEA for constitutional reforms are the best possible ways of strengthening our democracy. Anybody criticizing or unwilling to accept them must have some myopic and self-serving agendas that are no ...
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The proposals put forward by IEA for constitutional reforms are the best possible ways of strengthening our democracy. Anybody criticizing or unwilling to accept them must have some myopic and self-serving agendas that are not in the interest of Ghana and its development. Our week institutions can easily produce "constitutional dictatorship" difficult to get rid of.

Those who have genuine alternative ideas and views regarding the issues raised should come out clean and tell us what they have, and not hide behind to sabotage them. These proposals in our view would reduce partisan politics and also strengthen democracy and the rule of law in our country. On the other hand, if we dare reject them, we will continue to grope in darkness with disastrous consequences.
Ben... 11 years ago

respect the old man and you may grow old too....politics is making u lose manners...

respect the old man and you may grow old too....politics is making u lose manners...
JKD 11 years ago

And you will know the source of the LOAN! See except below:

"The Government recently flooded the economy with $2.7 billion through a $1 billion oversubscribed Eurobond and a $1.7 billion cocoa syndicated loan. Economists p ...
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And you will know the source of the LOAN! See except below:

"The Government recently flooded the economy with $2.7 billion through a $1 billion oversubscribed Eurobond and a $1.7 billion cocoa syndicated loan. Economists put the resurgence of the Cedi down to the infusion of more dollars into the system, which has lessened demand for the US currency."
Onipaba Of Akyem Maase 11 years ago

This is amazing. You could not arrest the situation. Yet you took the worst option of manually flooding the economy with Dollars. What happens next? Yes, simple demand/supply will work for you. What if you still need this sam ...
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This is amazing. You could not arrest the situation. Yet you took the worst option of manually flooding the economy with Dollars. What happens next? Yes, simple demand/supply will work for you. What if you still need this same resource to pay your statutory debts, then did you go or come? NDC, our electoral stupidity is our woes now. All of us Ghanaians.
ALHASSAN OSMAN NAPORO 11 years ago

It is so now because of the imprtation of dolla into the country by goverment through borrowing.so mr vice expected u to know that as a for governer of bog.

It is so now because of the imprtation of dolla into the country by goverment through borrowing.so mr vice expected u to know that as a for governer of bog.

achipelago 11 years ago

If you take a foreign loan to shore up your cedi, you call that a "home grown initiative"?

If you take a foreign loan to shore up your cedi, you call that a "home grown initiative"?
Asor 11 years ago

Ignorant lot!

Ignorant lot!
Ugly Akufo Addo 11 years ago

K4 came n loot our money , our lands , to take care of his children

K4 came n loot our money , our lands , to take care of his children
Panin- 11 years ago

When you have cocoase economists in charge, what you see is a classic case of Robbing Peter to pay Paul.

Because the NDC has been pounded for the drastic loss in value of the cedi especially against the U.S dollar, the in ...
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When you have cocoase economists in charge, what you see is a classic case of Robbing Peter to pay Paul.

Because the NDC has been pounded for the drastic loss in value of the cedi especially against the U.S dollar, the incompetent leadership decided that the best way to shore up the cedi is to go the West to borrow 3 billion dollars so that by making borrowed dollars available to the banks to provide loans, will change the optics at the Forex.

Even a fish monger who never took economics understands that during the the fish season she will have to drop the price of herrings in order to sell.

Emmjsah Authur should be ashamed of himself for suggesting that borrowing from the West is a homegrown measure to strengthen the cedi.

Gas price is going up and building products are still expensive. So who benefits from the these recent measures is still the greedy businessman not the consumer.
faggot ass john jerry Rawlings 11 years ago

He is a faggot like JJ Rawlings.

He is a faggot like JJ Rawlings.
John Allotei 11 years ago

If the Vice President is a proper Economist he would know that his so-called home grown methods would only shore the cedi in the near-term but the local currency would be more battered in the medium and long-term as borrowing ...
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If the Vice President is a proper Economist he would know that his so-called home grown methods would only shore the cedi in the near-term but the local currency would be more battered in the medium and long-term as borrowing at high interest rates to shore up currency is the most stupid idea.

Could $2.7 billion be used to fix a major import substitution program like producing our home-grown rice and chicken to eat?

Oh Ghana common sense is not even common among the educated and the ruling classes.
Mahama Jnr 11 years ago

Look at his gay mouth

Look at his gay mouth
frans 11 years ago

no need 4 imf

no need 4 imf

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Homegrown measures shoring up the Cedi – Veep

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